Property and Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

The net carrying value of property and equipment was as follows:



	June 30, 2014			December 31, 2013
Furniture and fixtures	$	67,341		$	67,341
Equipment	2,562,887			2,547,686
Software	8,381,066			8,020,982
Leasehold improvements	66,903			66,903
Subtotal	11,078,197			10,702,912
Less: accumulated depreciation and amortization	(10,072,200		)	(9,514,346		)
Total	$	1,005,997		$	1,188,566

During the three and six months ended June 30, 2014, depreciation expense was $243,335 and $499,307, respectively. During the three and six months ended June 30, 2013, depreciation expense was $504,567 and $1,210,034, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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